Snow: '07 Budget Promotes Economic Opportunity

In testimony before the Appropriations Subcommittee on the Departments of Transportation, Treasury, Housing and Urban Development, Treasury secretary John Snow said the $11.6 billion request would support activities to help ensure prosperity and security.

Snow said the 2007 budget -- which is nominally higher than the FY 2006 appropriation -- "is consistent with the president's overall goal of cutting our deficit in half by 2009."